Elon Musk said Tuesday that he would like to see the consolidation of his business empire by formally merging his two largest companies, SpaceX and Tesla.

"Do I think it would be a good idea? Yes," Musk said of a potential merger. He was speaking during a question-and-answer period as part of SpaceX's third-quarter earnings call. Musk said, ultimately, it not his decision. "But at the end of the day the shareholders have to be supportive of this."

Musk's talk of a merger comes after a busy year in which SpaceX already acquired Musk's artificial intelligence firm, xAI, in February. In June, SpaceX went public with the largest initial public offering on record.

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It has been 13 years since the debut of a new medium-lift rocket in the United States, the Antares vehicle developed by Orbital Sciences Corporation.

The initial 100-series variant of the Antares rocket was kind of a hot mess. The rocket used old Soviet engines built during the era when Apollo astronauts were landing on the Moon. Decades later, in the 1990s, Aerojet acquired the engines and refurbished them for a rocket that would launch in the 2010s. Predictably, on the fifth launch of an Antares rocket in 2014, it exploded.

The Antares vehicle is the last of a dying breed of medium-lift rockets—defined as having a lift capacity of 2 to 20 metric tons—in the United States. Nearly a decade and a half later there is a new generation of medium-lift vehicles coming online, and they are starkly different from Antares, which had not just Russian engines but a core stage manufactured in Ukraine.

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